S&P affirms Spain at BBB-, outlook negative

FXstreet.com (Córdoba) - Standard & Poor's ratings agency has affirmed Spain's long-term sovereign debt rating at BBB-, just one notch above speculative grade, with a negative outlook.

S&P said that the country's commitment to the implementation of a comprehensive fiscal, structural reform agenda remains strong. However, the outlook on the long-term rating remains negative, which still shows the potential for a downgrade.